Barclays Maintains an 'Equalweight' on Valero Energy (VLO); Q1 Expectations

Barclays maintains an 'Equalweight' on Valero Energy (NYSE: VLO), PT $30.

Barclays analyst says, "We expect VLO to report 4Q10 EPS of $0.30, compared to consensus expectations of $0.38 per share. We expect refining to report a profit of $421 million, compared to $412 million in 4Q10 and a loss of $51 mm in 1Q10.. We expect realized refining margin to average $7.8/bl, compared to the 4Q10 level of $7.3/bl and 1Q10 level of $5.8/bl."

"We expect retail earnings to be $60 million, compared to $61 million in 4Q10 and $71 million in 1Q10. We expect ethanol earnings to be $49 million, compared to $70 million in 4Q10 and $57 million in 1Q10."

For more ratings news on Valero Energy click here and for the rating history of Valero Energy click here.

Shares of Valero Energy closed at $29.03 yesterday.

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